Here's a video on how to identify Harmonic Deep Crab Patterns. This runs through the pattern recognition process, trade setup and trade management for all conventional Harmonic Deep Crab Patterns. OTSoftware identifies all Advanced and Harmonic Patterns automatically and objectively.It also enables you to create up to three of your own patterns. This has changed my trading success dramatically and maximised profitability.
Once the X and A points have been identified the market forms the B by fulfilling a precise 88.6% retracement of the XA leg. The term "precise" means that it is closer to one Fibonacci level than the other. Therefore, if the retracement is 1 pip more than 83.6% (halfway between 78.6% & 88.6%) then it is treated as 88.6%, if it is 1 pip less than 94.3% (halfway between 88.6% & 100%) then it is treated as 88.6%.
To summarise, the B point is valid if it lies between 83.6% and 94.3% XA.
The C point is valid if it touches at least a 38.2% retracement of the AB and it does not exceed the A point (100% AB).
The Potential Reversal Zone (PRZ) is calculated as a combination of the 161.8% extension of the XA level, 1.272AB=CD movement level (so the same distance as the 127.2% of the A-B leg but this should be copied across and measured from the C point) and finally, the corresponding BC extensions:
261.8% of the BC if the C-point is precise 38.2% of the AB,
224.0% of the BC if the C-point is precise 50%% of the AB,
200.0% of the BC if the C-point is precise 61.8% of the AB,
200.0% of the BC if the C-point is precise 70.7% of the AB,
1.618% of the BC if the C-point is precise 78.6% of the AB,
1.618% of the BC if the C-point is precise 88.6% of the AB.
Harmonic Deep Crab Target 1: 38.2% retracement of the AD leg.
Harmonic Deep Crab Target 2: 61.8% retracement of the AD leg.
Harmonic Deep Crab Stops: 213% extension of the XA.
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